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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. ___ )*
BRANTLEY CAP CORP
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(Name of Issuer)
COMMON SHARES
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(Title of Class of Securities)
105-494-108
-----------------
(CUSIP Number)
Kelly Patacca, Corporate Affairs Administrator
MAXUS INVESTMENT GROUP
1301 EAST NINTH STREET
CLEVELAND, OHIO 44114-1800
(216) 687-1000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notice and Communications)
JANUARY 9, 1998
--------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box |__|.
Check the following box if a fee is being paid with the statement |___|. (A fee
is not required only if the reporting person: (1) has a previous statement on
file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
SCHEDULE 13D
- --------------------------------------------------------------------------------
CUSIP NO. 105-494-108
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maxus Investment Group / ID # 34-1049596
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 15,000
SHARES
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 270,200
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 15,000
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
270,200
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,200
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.48 %
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 105-494-108
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Maxus Asset Management Inc. / ID # 34-1172683
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 15,000
SHARES
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 270,200
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 270,200
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
270,200
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,200
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.48 %
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
<PAGE>
SCHEDULE 13D
- -------------------------------------------------------------------------------
CUSIP NO. 105-494-108
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Richard A. Barone / SS # ###-##-####
- -------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_| (b) |_|
- -------------------------------------------------------------------------------
3 SEC USE ONLY
- -------------------------------------------------------------------------------
4 SOURCE OF FUNDS*
00
- -------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) |_|
- -------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Ohio
- -------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 15,000
SHARES
BENEFICIALLY ------------------------------------------------------------
OWNED BY 8 SHARED VOTING POWER
EACH 270,200
REPORTING ------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 270,200
------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
270,200
- -------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
285,200
- -------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
|_|
- -------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
7.48 %
- -------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON*
IN
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT! INCLUDE BOTH SIDES OF THE COVER PAGE,
RESPONSES TO ITEM 1-7 (INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE
ATTESTATION.
Amendment to Schedule 13D
<PAGE>
Item 1. Security and Issuer
This Statement relates to the shares of Common Stock (the "Shares") of
Brantley Cap Corp. The address of Issuer's principal officers is 20600 Chagrin
Boulevard, Suite 1150, Cleveland, Ohio 44122.
Item 2. Identity and Background
This Amendment Statement is filed on behalf of all persons and entities
and participants of Resource Management, Inc., an entity incorporated under the
laws of the State of Ohio and commonly known as the Maxus Investment Group
(hereinafter "MIG"), Richard A. Barone, an individual (hereinafter "Mr.
Barone"), Maxus Asset Management Inc, an entity incorporated under the laws of
the State of Ohio (hereinafter "MAM") and Maxus Securities Corp, an entity
incorporated under the laws of the State of Ohio (hereinafter "MSC"). The
aforementioned person and entities are collectively referred to herein as the
"Filing Persons". The business address of the aforementioned person and entities
is 1301 East Ninth Street, Cleveland, Ohio 44114-1800.
The Filing Persons each disclaim membership in a Group as such term is
defined in Section 13(d)(3) of the Securities Exchange Act of 1934 and the Rules
and Regulations promulgated thereunder. However, because of the relationships
between and among the Filing Persons described herein, they determined to make
this filing.
MAM is a registered investment advisor having the power to dispose of
the Shares owned by the investment clients for which it acts as advisor. MSC is
a broker-dealer. MIG is a financial services corporation which owns all of the
outstanding shares of MAM and MSC. Mr. Barone is the controlling shareholder of
MIG and is principally employed as Chairman and President of MIG, MAM and MSC
and as Chairman of Maxus Income Fund, Maxus Equity Fund and Maxus Laureate Fund,
all of which are registered under the Investment Company Act of 1940. See
Amended Exhibit A attached to this amended Schedule 13D for additional
information on executive officers.
Item 3. Source and Amount of Funds or Other Consideration
MAM owns no Shares directly but may be deemed to beneficially own
(within the meaning of Rule 13(d)(3) of the Securities Exchange Act of 1934)
285,200 Shares purchased by MAM for the account of its investment clients. MAM
disclaims beneficial ownership of such Shares.
<PAGE>
Item 4. Purpose of Transaction
The Filing Persons acquired Shares to establish investment positions in
the Issuer. Subject to market and business conditions and other factors, the
Filing Persons may intend to purchase additional Shares. However, depending upon
such factors, the Filing Persons may also maintain their present ownership of
Shares or sell some or all of the Shares.
Item 5. Interest in Securities of the Issuer
Set forth below for the Filing Persons, in the aggregate, is the number
of Shares which may be deemed to be beneficially owned as of January 9, 1998,and
the percentage of the Shares outstanding represented by such ownership (based on
3,811,000 shares outstanding):
Name: No. of Shares Percent of Class
Maxus Asset Management, Inc.(1) 285,200 7.48 %
Maxus Securities Corp(2)
Total(3) 285,200 7.48 %
(1) These Shares are owned by investment clients of MAM and MAM may be
deemed to beneficially own these Shares by reason of its power to dispose of
such Shares under its Investment Management Agreement with such clients. MAM,
however, disclaims beneficial ownership of all such Shares. (2) These Shares are
owned by brokerage clients of MSC. MSC may be deemed to beneficially own these
Shares by virtue of such relationship, although it has no contractual power to
vote or dispose of such Shares. MSC disclaims beneficial ownership of all such
Shares. (3) Mr. Barone owns no Shares directly but, by virtue of his positions
as Chairman and President of MAM and MIG he may be deemed to beneficially own
the 285,200 Shares which may be deemed to be beneficially owned by MAM. Mr.
Barone disclaims beneficial ownership of all such Shares. (4) MIG owns 10,000
Shares, and the MIG 401k Plan ownes 5,000 directly, but MIG may be deemed to
beneficially own the 285,200 Shares which may be deemed to be beneficially owned
by MAM. MIG, however, disclaims beneficial ownership of all such Shares. (5) MAM
and its investment clients share the power to dispose of the Shares which may be
deemed to be beneficially owned by MAM. By virtue of their relationship to MAM,
MIG and Mr. Barone may also be deemed to share such power. None of the Filing
Persons has any power to vote the Shares. (6) Exhibit B attached hereto sets
forth the transactions in Shares effected by the Filing Persons since original
filing, the dates of such transactions and the per Share purchase price. The
Shares were traded on the American Stock Exchange.
<PAGE>
Item 6. Contracts, Arrangements, Understanding or
Relationships with Respect to Securities of the Issuer.
Except as set forth in this Statement, there are no contracts,
arrangements, understanding or relationships (legal or otherwise) among the
Filing Persons or between any of the Filing Persons and any other person, with
respect to any Shares.
Item 7. Material to be Filed as Exhibits
Exhibit A Description of Directors and Executive officers of MAM and MIG.
Exhibit B Relevant Transactions in Shares.
Exhibit C Conforming Copy
<PAGE>
Signatures
After reasonable inquiry, and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, compete and
correct.
Maxus Investment Group
Date: ___________ by:/s/ Richard A. Barone
Richard A. Barone, President
Maxus Asset Management
Date: ___________ by: /s/ Richard A. Barone
Richard A. Barone, President
Maxus Securities Corp
Date: ___________ by: /s/ Richard A. Barone
Richard A. Barone, President
Date: ___________ by: /s/ Richard A. Barone
Richard A. Barone
<PAGE>
Exhibit A
Maxus Investment Group Richard A. Barone Richard A. Barone,
Cheif Executive Officer
Robert W. Curtin Robert W. Curtin,
Secretary & Sr. Vice-
President
Ivan Gelfand Ivan Gelfand, Chairman
Fred D. DiSanto Fred D. DiSanto, Chief
Operating Officer
Denis J. Amato Denis J. Amato, Chief
Investment Officer
Alan R. Schwartz
Entity Directors 1, 2 Executive Officers
Maxus Asset Management, Inc. Richard A. Barone Richard A. Barone,
Chairman & President
Robert W. Curtin Robert W. Curtin,
Secretary & Sr.
Vice-President
Denis J. Amato
Maxus Securities Corp Richard A. Barone Richard A. Barone,
Chairman & President
Robert W. Curtin Robert W. Curtin,
Secretary
Robert F. Pincus
1 Each of the Directors and Executive Officers listed above is a United States
citizen.
2 The business address of the Filing Persons are as follows:
Richard A. Barone, Robert W. Curtin, Robert F. Pincus, Ivan Gelfand, Denis J.
Amato, Fred D. DiSanto, Maxus Asset Management, Inc. and Maxus Investment Group:
1301 East Ninth Street, Cleveland, Ohio 44114-1800;
<PAGE>
EXHIBIT B
Brantley Cap Corp (BBDC)
SECURITY CROSS REFERENCE
Unit Total
Date Lot Quantity Cost Cost
- -------- --- -------- ---- ---------
11-19-97 1 5,000 8.81 44,049.75
12-22-97 1 5,000 9.00 44,987.25
11-19-97 1 3,300 8.81 29,077.75
12-08-97 1 15,000 9.06 135,867.25
12-03-97 1 3,400 9.00 30,596.25
01-05-98 1 1,500 8.94 13,407.25
12-09-97 2 1,500 9.06 13,590.00
12-09-97 1 3,000 9.06 27,184.75
11-17-97 1 1,500 8.97 13,452.25
12-03-97 2 1,000 9.06 9,062.25
11-17-97 1 2,000 8.81 17,624.75
11-20-97 2 1,000 8.81 8,814.75
12-04-97 3 2,000 9.00 17,999.75
11-17-97 1 2,000 8.87 17,749.75
12-04-97 2 3,000 9.00 26,997.25
11-17-97 1 2,000 8.94 17,874.75
12-08-97 3 4,000 9.06 36,236.00
12-08-97 2 4,000 9.06 36,240.75
12-04-97 1 2,000 9.00 17,999.75
12-11-97 1 3,000 9.06 27,184.75
11-19-97 1 5,000 8.76 43,800.00
11-26-97 1 3,000 9.06 27,184.75
11-24-97 1 3,000 8.81 26,434.75
11-17-97 1 2,000 8.94 17,874.75
12-16-97 2 2,200 9.00 19,799.25
11-18-97 1 3,000 8.78 26,336.75
11-24-97 1 5,000 8.93 44,674.75
11-26-97 1 3,000 9.06 27,184.75
11-18-97 1 3,000 8.81 26,434.75
11-17-97 1 2,000 8.85 17,699.75
11-24-97 2 1,000 8.85 8,849.75
12-03-97 2 2,500 9.00 22,493.75
12-03-97 1 500 9.01 4,503.50
12-31-97 1 17,000 8.75 148,712.25
12-31-97 1 2,000 8.75 17,499.75
<PAGE>
12-31-97 1 3,000 8.75 26,247.25
11-17-97 2 5,000 8.93 44,662.50
11-17-97 1 5,000 8.93 44,667.25
12-31-97 3 5,000 8.75 43,742.25
12-31-97 1 7,000 8.75 61,237.25
12-31-97 1 4,000 8.75 34,994.75
12-31-97 1 4,000 8.75 34,994.75
11-24-97 2 2,500 8.81 22,022.50
11-24-97 1 2,500 8.81 22,027.25
01-05-98 1 1,500 8.94 13,407.25
11-18-97 1 5,000 8.81 44,049.75
12-01-97 3 1,200 9.00 10,797.00
12-01-97 2 500 9.00 4,498.75
12-01-97 1 1,000 9.00 9,002.25
12-09-97 4 800 9.07 7,252.75
12-02-97 1 2,200 9.00 19,799.25
12-31-97 2 1,000 8.75 8,752.25
12-01-97 2 3,600 8.99 32,382.00
12-01-97 1 15,000 9.00 134,929.75
12-08-97 4 1,500 9.06 13,594.75
12-22-97 1 5,900 9.00 53,084.10
12-23-97 1 4,700 9.00 42,293.00
11-18-97 1 1,500 8.69 13,032.25
12-22-97 1 3,000 9.00 26,997.25
11-24-97 1 2,000 8.94 17,874.75
12-17-97 1 3,000 9.00 26,997.25
12-15-97 1 3,500 9.00 31,496.00
12-16-97 1 3,000 9.00 26,997.25
12-22-97 1 5,700 9.00 51,290.50
12-31-97 1 2,000 8.69 17,385.75
12-09-97 1 2,700 9.06 24,466.75
12-23-97 1 4,000 9.00 35,994.75
12-31-97 2 6,000 8.75 52,489.75
12-23-97 1 2,000 9.00 17,999.75
12-15-97 1 2,500 9.00 22,498.50
12-08-97 1 1,000 9.06 9,064.75
11-21-97 1 5,000 8.81 44,054.75
12-31-97 1 1,500 8.81 13,219.75
12-31-97 1 1,500 8.81 13,219.75
12-08-97 2 2,000 9.06 18,124.75
12-31-97 3 10,000 8.75 78,732.25
11-25-97 1 2,000 8.81 17,620.00
20,000 n/a n/a
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285,200 2,353,475.35
======= ============
<PAGE>
